---
title: "Brazilian lubricant producer Moove Lubricants officially withdraws $400 million US IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251250336.md"
description: "Moove Lubricants Holdings has officially withdrawn its plans for a $400 million initial public offering (IPO) after filing in September 2024. The São Paulo-based company, which produces lubricants for various sectors, had aimed to offer 25 million shares priced between $14.50 and $17.50. Founded in 2008, Moove reported $1.8 billion in sales for the year ending June 30, 2024, and intended to list on the NYSE under the symbol MOOV. Major banks were set to be joint bookrunners for the IPO."
datetime: "2025-08-01T20:40:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251250336.md)
  - [en](https://longbridge.com/en/news/251250336.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251250336.md)
---

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# Brazilian lubricant producer Moove Lubricants officially withdraws $400 million US IPO

Moove Lubricants Holdings, which produces and distributes lubricants for automotive, agricultural, and industrial uses, withdrew its plans for an initial public offering on Friday. It had filed in September 2024 and planned to raise $400 million by offering 25 million shares (75% secondary) at a price range of $14.50 to $17.50, but postponed ahead of pricing in October.

The São Paulo, Brazil-based company was founded in 2008 and booked $1.8 billion in sales for the 12 months ended June 30, 2024. It had planned to list on the NYSE under the symbol MOOV. J.P. Morgan, BofA Securities, Citi, Itau BBA, BTG Pactual, Santander, Goldman Sachs, Jefferies, and Morgan Stanley were set to be the joint bookrunners on the deal.

### Related Stocks

- [Moove Lubricants Holdings (MOOV.US)](https://longbridge.com/en/quote/MOOV.US.md)

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